AvaTrade – Forex Broker review

Read AvaTrade forex broker review, rating and detail information for their services below. AvaTrade founded in 2006 as AvaFX. They have also branch offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. First of all AvaFX is one of the oldest brokers who introduce CFD trading on commodities, indices and stocks. Above all AvaTrade also introduce trading in Cryptocurrencies mostly Bitcoin for their retail traders from 2013. Furthermore, in honor of their 10 year anniversary, traders can receive a 100% bonus. AvaTrade also offers spread betting in UK and Ireland.

Regulation

AvaTrade is regulated by the Central Bank of Ireland (Reference No: C53877). Furthermore it is regulated by below regulatory boards.

Australian Securities & Investments Commission (ASIC)

Financial Services Commission (British Virgin Islands)

Financial Services Agency in Japan

Financial Futures Association of Japan

Commodities Futures Association of Japan

Trading Platforms

AvaTrade provides MetaTrader 4 platform developed by MetaQuotes Software to its clients for an efficient and reliable trading experience. They also offer AvaTrader platform. AvaTrader is a professional-grade trading platform which provides API Libraries free of cost. Even more, AvaTrade offers Mirror Trader for automated Forex trading. They are integrated with a variety of service providers like DupliTrade, MQL5 Signals and ZuluTrade with their account. AvaTrade platforms are also available for smartphone. The app is free and can be downloaded from Google PlayStore and Apple App Store.

Hence, please find the below list for all platforms provides by AvaTrade.

MetaTrader 4 (MT4) platform

AvaTrader platform

AvaTradeAct platform

AvaOptions and their WebTrader

RoboX platform

DupliTrade platform

Mirror Trader platform

ZuluTrade platform

MQL5 Signal Service platform

API Trading platform

Commissions & Spreads

Like other online Forex brokers, AvaTrade doesn’t have any commissions or service fee. The spreads at AvaTrade are in the form of fixed and floating spreads. Spreads for currency pair is starting from 0.9 pips. Leverage is offered at 1:400.

Cryptocurrencies Trading

AvaTrade supported 8 different types of cryptocurrencies which includes

Payment options

AvaTrade Supports credit cards (Visa, Mastercard, etc), eWallets or bank wire transfer for deposits and withdrawal. Withdrawals are also imitated through the same methods used for depositing the funds.

Support

Customer support at AvaTrade is available 24/7. Hence there are several ways which you can get in touch with the support team such as email, social media, live chat, fax and telephone. You also have the benefit of multi-lingual support. Above all customer can get support by phone to 34 countries. Their website available in English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese.

Account Types

Standard MT4 Account

AvaTrade offers a wide range of trading platform. Most noteworthy, AvaTrade provides access to CFDs on popular cryptocurrencies, indices, ETFs, bonds, and hard and soft commodities, including metals. They also includes over 200 Forex pairs. According to their website, they have more than 200,000 traders. AvaTrade provides a good range of research tools and platforms for social copy trading. While they provide only one standard trading account for their customers.